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Ether jumps 18% to $2,250 as bitcoin tops $69,000 in broad crypto rally

Every major except tron posted double-digit weekly gains, with nearly $1.4 billion of short positions wiped out after the Treasury doubled its bond buybacks.

Ether jumps 18% to $2,250 as bitcoin tops $69,000 in broad crypto rally

We haven't written up this one. CoinDesk has the full story — the link below goes straight to it.

Read the original at coindesk.com →

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Global Long-Term Yield Surge Sends KOSPI on a Wild Ride

Surging long-term government bond yields in major economies have put pressure on South Korean stocks, with the KOSPI swinging sharply from a steep selloff to a strong rebound within a day. Rising U.S.

  • U.S. 30-year Treasury yield peaked at 5.337% on August 19
  • South Korean long-term yields peaked at 4.787% on August 18
  • KOSPI rebounded 6.34% on August 20 after buy-sidecar activation

Dollar Deposits Surge $6.3 Billion as Won Strengthens Into High 1,300s

Dollar deposits at South Korea’s five major commercial banks have surged as the won strengthened into the high 1,300s per dollar, with households and companies increasing dollar holdings amid…

  • Korean households and businesses added $6.3 billion in dollar deposits.
  • Won strengthened to near 1,300 per dollar by August 19.
  • Exporters' dollar sales and lower U.S. inflation contributed to currency rise.

Government raises Ksh 139B to clear roads pending bills

The government has raised Ksh 139 billion from securitization of the Road Maintenance Levy Fund. Road and Transport Cabinet Secretary Davis Chirchir said the funds will be used to clear certified outstanding bills owed to road contractors and accelerate ongoing road projects across the country.

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